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I wonder how many low margin businesses will leave SF because of this. If I understand it right, this is up to a 0.6% tax on gross receipts. What if a business
by lpolovets 6y ago
I wonder how many low margin businesses will leave SF because of this. If I understand it right, this is up to a 0.6% tax on gross receipts. What if a business runs on very thin margins? I can imagine someone like Waste Management ($50b company, $11m in CEO comp, median employee probably makes waaaay less than that) deciding that operating in SF is no longer worth it.